<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
-------------
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report: MARCH 25, 2000
---------------
(Date of Earliest Event Reported)
CMC SECURITIES CORPORATION II
------------------------------------------------------
(Exact Name of Registrant as Specified in its Charter)
DELAWARE 33-56778 75-2473215
(State of Incorporation) (Commission File No.) (I.R.S. Employer
Identification No.)
8401 N Central Expressway
Suite 800
Dallas, Texas 75225
----------------------------------------------------------
(Address of Principal Executive Offices) (Zip Code)
Registrant's Telephone Number, Including Area Code: (214) 874-2323
--------------
<PAGE> 2
CMC SECURITIES CORPORATION II
FORM 8-K
INDEX
<TABLE>
<CAPTION>
PAGE
----
<S> <C> <C>
ITEM NUMBER
Item 5. Other Events....................................................................... 3
Item 7. Financial Statements and Exhibits.................................................. 3
SIGNATURES ................................................................................... 3
</TABLE>
2
<PAGE> 3
ITEM 5. OTHER EVENTS.
Monthly distributions of principal and interest are made with respect to the
outstanding Series of CMC Securities Corporation II's REMIC Pass-Through
Certificates listed below as of the 25th day of each calendar month (each, a
"Distribution Date"). In connection with each Distribution Date for each
outstanding Series, the Trustee receives a report (each, a "Collateral Summary
and Remittance Report") containing certain information regarding remittances on
the collateral underlying the related Certificates. Based on such information,
the Trustee is required to prepare and mail to each Certificateholder of each
outstanding Series on each Distribution Date a statement to certificateholders
(each, a "Statement to Certificateholders") setting forth certain information
regarding the Certificates of such Series as of such Distribution Date. Relevant
information contained in the Collateral Summary and Remittance Report and
Statement to Certificateholders for the MARCH 25, 2000 Distribution Date for
each outstanding Series is summarized and included as Exhibits to this filing.
Capitalized terms used herein but not otherwise defined have the meanings set
forth in the applicable Pooling Agreement.
<TABLE>
<CAPTION>
SERIES DESIGNATION DISTRIBUTION OF PRINCIPAL AND INTEREST ON SERIES
------------------ ------------------------------------------------
<S> <C>
Series 1993-2A $781,224.78
Series 1993-2B *
Series 1993-2C $880,642.78
Series 1993-2D $1,112,405.21
Series 1993-2E $1,408,562.08
Series 1993-2F **
Series 1993-2G $1,042,462.02
Series 1993-2H *
Series 1993-2I $695,739.82
Series 1995-A $405,421.58
Series 1996-A $981,684.38
Series 1996-B $1,010,658.94
Series 1996-C $1,343,583.01
</TABLE>
* These certificates were redeemed in February 2000 pursuant to their
respective redemption provisions.
** In March 2000 the issuer redeemed the remaining outstanding
certificates of 1993-2F pursuant to this securitization's redemption
provisions. This distribution amounted to $22,376,713,85.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibits:
<TABLE>
<CAPTION>
SERIES EXHIBIT NO. DESCRIPTION
------ ----------- -----------
<S> <C> <C>
All 28.1 Collateral Summary and Remittance Report.
All 28.2 Summary of Trustee's Reports to Bondholders.
</TABLE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this Report to be signed on its behalf by the
undersigned hereunto duly authorized.
CMC SECURITIES CORPORATION II
May 22, 2000 By: /s/ Phillip A. Reinsch
------------------------------------------
Phillip A. Reinsch - Senior Vice President
3
<PAGE> 4
INDEX TO EXHIBITS
<TABLE>
<CAPTION>
EXHIBIT
NUMBER DESCRIPTION
- ------- -----------
<S> <C>
28.1 Collateral Summary and Remittance Report.
28.2 Summary of Trustee's Reports to Bondholders.
</TABLE>
<PAGE> 1
EXHIBIT 28.1
CAPSTEAD MORTGAGE CORPORATION
COLLATERAL SUMMARY AND REMITTANCE REPORT
FOR MONTH ENDING: 25-MAR-00
MASTER SERVICING DIVISION
<TABLE>
<CAPTION>
DEAL REFERENCE 93-2A 93-2B 93-2C 93-2D
--------------- --------- --------------- ---------------
<S> <C> <C> <C> <C>
BEGINNING SECURITY BALANCE $ 22,999,121.04 $ -- $ 65,352,873.76 $ 43,118,571.83
Loans Repurchased -- -- -- --
Scheduled Principal Distribution 36,372.28 -- 105,214.20 371,495.93
Additional Principal Distribution 10,048.63 -- 9,937.59 66,655.74
Liquidations Distribution 591,347.40 -- 366,349.19 430,805.03
Accelerated Prepayments -- -- -- --
Adjustments (Cash) -- -- -- --
Adjustments (Non-Cash) -- -- -- --
Losses/Foreclosures -- -- -- --
Special Hazard Account -- -- -- --
--------------- --------- --------------- ---------------
Ending Security Balance $ 22,361,352.73 $ -- $ 64,871,372.78 $ 42,249,615.13
=============== ========= =============== ===============
INTEREST DISTRIBUTION:
Due Certificate Holders $ 141,919.99 $ -- $ 398,421.82 $ 242,503.98
Compensating Interest 1,536.49 -- 719.98 944.53
Trustee Fee (Tx. Com. Bk.) 258.74 -- 816.91 538.98
Pool Insurance Premium (PMI Mtg. Ins.) -- -- -- --
Pool Insurance (GE Mort. Ins.) 5,565.79 -- -- 6,942.09
Pool Insurance (United Guaranty Ins.) -- -- -- --
Backup for Pool Insurance (Fin. Sec. Assur.) -- -- -- --
Special Hazard Insurance (Comm. and Ind.) 1,092.46 -- -- --
Bond Manager Fee (Capstead) 364.15 -- 816.91 628.81
Excess Compensating Interest (Capstead) -- -- -- --
Administrative Fee (Capstead) 622.91 -- 2,723.06 1,347.44
Administrative Fee (Other) -- -- -- --
Excess-Fees -- -- -- --
Special Hazard Insurance (Aetna Casualty) -- -- -- --
Other -- -- -- --
--------------- --------- --------------- ---------------
Total Fees 7,904.05 -- 4,356.88 9,457.32
--------------- --------- --------------- ---------------
Servicing Fee 7,232.82 -- 16,980.94 11,908.37
Interest on Accelerated Prepayments -- -- -- --
--------------- --------- --------------- ---------------
Total Interest Distribution $ 158,593.35 $ -- $ 420,479.62 $ 264,814.20
=============== ========= =============== ===============
LOAN COUNT 88 0 253 216
WEIGHTED AVERAGE PASS-THROUGH RATE 7.484972 0 7.328984 6.775229
</TABLE>
Page 1
<PAGE> 2
CAPSTEAD MORTGAGE CORPORATION
COLLATERAL SUMMARY AND REMITTANCE REPORT
FOR MONTH ENDING: 25-MAR-00
MASTER SERVICING DIVISION
<TABLE>
<CAPTION>
DEAL REFERENCE 93-2E.A 93-2E.B 93-2F 93-2G
--------------- --------------- ------- ----------------
<S> <C> <C> <C> <C>
BEGINNING SECURITY BALANCE $ 28,185,051.76 $ 73,554,551.32 $ -- $ 106,853,007.95
Loans Repurchased -- -- -- --
Scheduled Principal Distribution 226,286.54 105,639.31 -- 162,214.80
Additional Principal Distribution 6,805.35 14,567.76 -- 28,590.08
Liquidations Distribution 276,239.89 187,713.21 -- 214,766.98
Accelerated Prepayments -- -- -- --
Adjustments (Cash) -- -- -- --
Adjustments (Non-Cash) -- -- -- --
Losses/Foreclosures -- -- -- --
Special Hazard Account -- -- -- --
--------------- --------------- ------- ----------------
Ending Security Balance $ 27,675,719.98 $ 73,246,631.04 $ -- $ 106,447,436.09
=============== =============== ======= ================
INTEREST DISTRIBUTION:
Due Certificate Holders $ 155,526.95 $ 434,726.96 $ -- $ 636,826.99
Compensating Interest 830.81 225.23 -- 63.17
Trustee Fee (Tx. Com. Bk.) 305.34 796.84 -- 1,202.10
Pool Insurance Premium (PMI Mtg. Ins.) 6,200.71 16,182.00 -- --
Pool Insurance (GE Mort. Ins.) -- -- -- --
Pool Insurance (United Guaranty Ins.) -- -- -- --
Backup for Pool Insurance (Fin. Sec. Assur.) -- -- -- --
Special Hazard Insurance (Comm. and Ind.) -- -- -- --
Bond Manager Fee (Capstead) 352.31 919.43 -- 1,335.66
Excess Compensating Interest (Capstead) -- -- -- --
Administrative Fee (Capstead) 998.24 2,605.20 -- 4,452.39
Administrative Fee (Other) -- -- -- --
Excess-Fees -- -- -- --
Special Hazard Insurance (Aetna Casualty) -- -- -- --
Other -- -- -- --
--------------- --------------- ------- ----------------
Total Fees 7,856.60 20,503.47 -- 6,990.15
--------------- --------------- ------- ----------------
Servicing Fee 7,814.19 19,147.86 -- 26,468.82
Interest on Accelerated Prepayments -- -- -- --
--------------- --------------- ------- ----------------
Total Interest Distribution $ 172,028.55 $ 474,603.52 $ -- $ 670,349.13
=============== =============== ======= ================
LOAN COUNT 137 257 0 399
WEIGHTED AVERAGE PASS-THROUGH RATE 6.65705 7.095994 0 7.152519
</TABLE>
Page 2
<PAGE> 3
CAPSTEAD MORTGAGE CORPORATION
COLLATERAL SUMMARY AND REMITTANCE REPORT
FOR MONTH ENDING: 25-MAR-00
MASTER SERVICING DIVISION
<TABLE>
<CAPTION>
DEAL REFERENCE 93-2H.1 93-2H.2 93-2I 93-2I.1
--------- --------- --------------- ---------------
<S> <C> <C> <C> <C>
BEGINNING SECURITY BALANCE $ -- $ -- $ 13,496,684.25 $ 11,207,228.11
Loans Repurchased -- -- -- --
Scheduled Principal Distribution -- -- 16,150.08 13,027.57
Additional Principal Distribution -- -- 991.20 2,682.84
Liquidations Distribution -- -- -- --
Accelerated Prepayments -- -- -- --
Adjustments (Cash) -- -- 7.13 --
Adjustments (Non-Cash) -- -- -- --
Losses/Foreclosures -- -- -- --
Special Hazard Account -- -- -- --
--------- --------- --------------- ---------------
Ending Security Balance $ -- $ -- $ 13,479,535.84 $ 11,191,517.70
========= ========= =============== ===============
INTEREST DISTRIBUTION:
Due Certificate Holders $ -- $ -- $ 88,636.39 $ 73,717.82
Compensating Interest -- -- -- --
Trustee Fee (Tx. Com. Bk.) -- -- 168.67 140.09
Pool Insurance Premium (PMI Mtg. Ins.) -- -- 2,881.59 --
Pool Insurance (GE Mort. Ins.) -- -- -- 3,294.93
Pool Insurance (United Guaranty Ins.) -- -- -- --
Backup for Pool Insurance (Fin. Sec. Assur.) -- -- 956.01 --
Special Hazard Insurance (Comm. and Ind.) -- -- -- --
Bond Manager Fee (Capstead) -- -- 708.81 --
Excess Compensating Interest (Capstead) -- -- -- --
Administrative Fee (Capstead) -- -- 36.91 466.92
Administrative Fee (Other) -- -- -- --
Excess-Fees -- -- -- --
Special Hazard Insurance (Aetna Casualty) -- -- 403.77 290.45
Other -- -- 0.02 --
--------- --------- --------------- ---------------
Total Fees -- -- 5,155.78 4,192.39
--------- --------- --------------- ---------------
Servicing Fee -- -- 4,217.70 3,502.27
Interest on Accelerated Prepayments -- -- -- --
--------- --------- --------------- ---------------
Total Interest Distribution $ -- $ -- $ 98,009.87 $ 81,412.48
========= ========= =============== ===============
LOAN COUNT 0 0 58 46
WEIGHTED AVERAGE PASS-THROUGH RATE 0 0 7.943748 7.893244
</TABLE>
Page 3
<PAGE> 4
CAPSTEAD MORTGAGE CORPORATION
COLLATERAL SUMMARY AND REMITTANCE REPORT
FOR MONTH ENDING: 25-MAR-00
MASTER SERVICING DIVISION
<TABLE>
<CAPTION>
DEAL REFERENCE 93-2I.2 1995-A 1996-A 1996-B
--------------- --------------- --------------- ---------------
<S> <C> <C> <C> <C>
BEGINNING SECURITY BALANCE $ 17,824,813.12 $ 29,772,680.88 $ 23,680,907.36 $ 45,118,500.34
Loans Repurchased -- -- -- --
Scheduled Principal Distribution 20,029.30 33,904.00 30,784.20 56,919.12
Additional Principal Distribution 5,823.51 25,927.92 2,400.05 25,235.74
Liquidations Distribution 357,274.48 159,744.40 807,353.66 660,277.59
Accelerated Prepayments -- -- -- --
Adjustments (Cash) -- -- -- --
Adjustments (Non-Cash) -- -- -- --
Losses/Foreclosures -- -- -- --
Special Hazard Account -- -- -- --
--------------- --------------- --------------- ---------------
Ending Security Balance $ 17,441,685.83 $ 29,553,104.56 $ 22,840,369.45 $ 44,376,067.89
=============== =============== =============== ===============
INTEREST DISTRIBUTION:
Due Certificate Holders $ 117,399.48 $ 185,845.27 $ 141,146.47 $ 268,226.53
Compensating Interest -- -- -- --
Trustee Fee (Tx. Com. Bk.) 222.81 248.11 296.01 563.98
Pool Insurance Premium (PMI Mtg. Ins.) 5,143.95 -- -- 12,193.27
Pool Insurance (GE Mort. Ins.) -- 11,164.76 6,820.10 --
Pool Insurance (United Guaranty Ins.) -- -- -- --
Backup for Pool Insurance (Fin. Sec. Assur.) 907.30 -- -- 1,164.46
Special Hazard Insurance (Comm. and Ind.) -- -- -- --
Bond Manager Fee (Capstead) -- -- -- --
Excess Compensating Interest (Capstead) 787.86 716.48 2,667.89 2,548.36
Administrative Fee (Capstead) 742.71 762.70 986.67 1,880.03
Administrative Fee (Other) -- -- -- --
Excess-Fees -- -- -- --
Special Hazard Insurance (Aetna Casualty) 533.26 682.29 542.68 1,304.67
Other -- -- -- --
--------------- --------------- --------------- ---------------
Total Fees 8,337.89 13,574.34 11,313.35 19,654.77
--------------- --------------- --------------- ---------------
Servicing Fee 5,570.30 9,303.95 6,552.39 13,428.21
Interest on Accelerated Prepayments -- -- -- --
--------------- --------------- --------------- ---------------
Total Interest Distribution $ 131,307.67 $ 208,723.56 $ 159,012.21 $ 301,309.51
=============== =============== =============== ===============
LOAN COUNT 75 143 88 163
WEIGHTED AVERAGE PASS-THROUGH RATE 7.903554 7.490569 7.152419 7.133921
</TABLE>
Page 4
<PAGE> 5
CAPSTEAD MORTGAGE CORPORATION
COLLATERAL SUMMARY AND REMITTANCE REPORT
FOR MONTH ENDING: 25-MAR-00
MASTER SERVICING DIVISION
<TABLE>
<CAPTION>
DEAL REFERENCE 1996-C.1 1996-C.2 1996-C.3
-------------- --------------- ---------------
<S> <C> <C> <C>
BEGINNING SECURITY BALANCE $ 7,670,640.53 $ 15,985,760.09 $ 15,498,148.32
Loans Repurchased -- -- --
Scheduled Principal Distribution 7,943.74 19,295.00 15,744.46
Additional Principal Distribution 511.22 1,960.97 858.15
Liquidations Distribution 647,499.33 -- 404,095.12
Accelerated Prepayments -- -- --
Adjustments (Cash) -- -- --
Adjustments (Non-Cash) -- -- --
Losses/Foreclosures -- -- --
Special Hazard Account -- -- --
-------------- --------------- ---------------
Ending Security Balance $ 7,014,686.24 $ 15,964,504.12 $ 15,077,450.59
============== =============== ===============
INTEREST DISTRIBUTION:
Due Certificate Holders $ 48,132.66 $ 100,259.49 $ 97,282.87
Compensating Interest -- -- --
Trustee Fee (Tx. Com. Bk.) 95.88 133.21 129.15
Pool Insurance Premium (PMI Mtg. Ins.) -- -- --
Pool Insurance (GE Mort. Ins.) 2,209.15 -- --
Pool Insurance (United Guaranty Ins.) -- -- 5,773.06
Backup for Pool Insurance (Fin. Sec. Assur.) -- -- --
Special Hazard Insurance (Comm. and Ind.) -- -- --
Bond Manager Fee (Capstead) -- -- 3,325.78
Excess Compensating Interest (Capstead) 2,537.08 -- 1,137.98
Administrative Fee (Capstead) 383.54 333.03 627.44
Administrative Fee (Other) -- -- --
Excess-Fees -- -- --
Special Hazard Insurance (Aetna Casualty) 175.78 -- 448.15
Other -- -- --
-------------- --------------- ---------------
Total Fees 5,401.43 466.24 11,441.56
-------------- --------------- ---------------
Servicing Fee 2,397.07 3,694.11 4,843.17
Interest on Accelerated Prepayments -- -- --
-------------- --------------- ---------------
Total Interest Distribution $ 55,931.16 $ 104,419.84 $ 113,567.60
============== =============== ===============
LOAN COUNT 36 76 70
WEIGHTED AVERAGE PASS-THROUGH RATE 7.529905 7.52616 7.789987
</TABLE>
Page 5
<PAGE> 1
CMC SECURITIES CORPORATION II SOURCE: CHASE BANK OF TEXAS EXHIBIT 28.2
BOND BALANCES AND FACTORS MARCH 2000 DISTRIBUTION
<TABLE>
<CAPTION>
SERIES PAYMENT DATE CLOSING BALANCE CURRENT BALANCE
CLOSING BALANCE INTEREST PAID PRINCIPAL PAID CURRENT BALANCE % OF CURRENT CURRENT
CLASS CUSIP NUMBER COUPON PER CLASS PER $1000 PER $1000 PER CLASS BALANCE FACTOR
- ------- ------------ --------------- --------------- ------------- -------------- --------------- ------------ -----------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1993-2A 3/27/00 149,572,077.00 22,361,351.50
- ------- ------- --------------- ---------------
A 125714AC9 34,791,000.00
D 125714AD7 8,535,000.00
E 125714AE5 28,652,000.00
F 125714AG0 10,692,000.00 0.0006142957 0.0520585615 530,516.18 2.37 0.049618049
G 125714AH8 16,410,000.00 0.0060416667 0 16,410,000.00 73.39 1
H 125714AJ4 3,006,000.00 0.0060416667 0 3,006,000.00 13.44 1
I 125714AF2 12,057,000.00 0 0 0.00 0.00 0
J 125714AK1 2,901,000.00 0.0047900862 0.0219855808 2,236,253.82 10.00 0.7708561944
KPO 125714AM7 772,949.00 0 0.0224826606 178,453.50 0.80 0.2308735764
LIO 125714AN5 0.00 0.0000380195 0 0.00 0.00 0
R 125714AL9 128.00 0.006015625 0 128.00 0.00 1
1993-2B 3/27/00 189,529,970.00
- ------- ------- ---------------
2B-A 125714AP0 189,529,000.0
1993-2C 3/27/00 207,040,201.00 64,871,372.31
- ------- ------- --------------- ---------------
A-2 125714BB0 27,680,000.00
A-3 125714BC8 10,312,000.00
A-4 125714BD6 33,521,000.00
A-5 000005CQR 84,357,000.00 0.0039001191 0.0051752287 53,432,131.72 82.37 0.6334048356
A-R 125714AZ8 1,000.00 0.00611 0 1,000.00 0.00 1
B-1 000007CQR 5,694,392.00 0.0049271371 0.0032390903 4,575,433.04 7.05 0.8034980802
B-2 000008CQR 3,623,203.00 0.0049271377 0.0032390898 2,911,237.41 4.49 0.8034982887
B-3 000009CQR 2,588,003.00 0.0049271388 0.0032390921 2,079,455.97 3.21 0.8034982842
B-4 000010CQR 1,345,761.00 0.0049271379 0.0032390893 1,081,316.68 1.67 0.8034983032
B-5 000011CQR 621,120.00 0.0049271316 0.0032390842 499,068.87 0.77 0.8034983095
B-6 000012CQR 1,138,722.00 0.0015646751 0 291,728.62 0.45 0.2561895002
</TABLE>
<PAGE> 2
CMC SECURITIES CORPORATION II SOURCE: CHASE BANK OF TEXAS
BOND BALANCES AND FACTORS MARCH 2000 DISTRIBUTION
<TABLE>
<CAPTION>
SERIES PAYMENT DATE CLOSING BALANCE CURRENT BALANCE
CLOSING BALANCE INTEREST PAID PRINCIPAL PAID CURRENT BALANCE % OF CURRENT CURRENT
CLASS CUSIP NUMBER COUPON PER CLASS PER $1000 PER $1000 PER CLASS BALANCE FACTOR
- -------- ------------ --------------- --------------- ------------- -------------- --------------- ------------ -----------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1993-2D 3/27/00 175,093,365.00 42,249,615.78
- -------- ------- --------------- ---------------
A 125714AR6 50,026,000.00
AB 125714AS4 26,754,000.00
B 125714AT2 39,792,000.00
C 125714AU9 29,251,000.00 0.0026729794 0.0297069057 12,979,250.78 30.72 0.4437198995
D 125714AV7 17,072,000.00 0.0056460245 0 17,072,000.00 40.41 1
E 125714AW5 1,897,000.00 0.0056460253 0 1,897,000.00 4.49 1
F 125714AX3 10,300,365.00 0.0056460242 0 10,300,365.00 24.38 1
R 125714AY1 1,000.00 0.00564 0 1,000.00 0.00 1
1993-2E 3/27/00 317,870,015.00 100,922,349.75
- -------- ------- --------------- ---------------
15A 125714BE4 86,454,000.00 0.0016074159 0.0052425139 24,252,102.27 24.03 0.2805203029
15B 125714BF1 9,494,478.45 0.0016074164 0.0052425146 2,663,393.97 2.64 0.2805203161
15CPO 125714BG9 1,972,695.84 0 0.0031550984 759,303.43 0.75 0.384906458
15DIO 125714BH7 5,911.86 0.3583322057 0.0163362652 920.28 0.00 0.1556630582
30A 125714BT1 29,444,000.00
30B 125714BL8 9,738,000.00
30CIO 125714BM6 0.00 0 0 0.00 0.00 0
30D 125714BU8 922,000.00
30E 125714BV6 29,092,000.00
30F 125714BW4 11,747,000.00
30G 125714BX2 24,409,000.00 0.0011780987 0.012348569 4,628,221.78 4.59 0.1896112819
30H 125714BY0 21,450,000.00 0.0058333305 0 21,450,000.00 21.25 1
30I 125714BZ7 13,542,000.00 0.0058333304 0 13,542,000.00 13.42 1
30J 125714CA1 40,256,000.00 0.0028099635 0 23,195,750.48 22.98 0.5762060433
30K 125714CB9 17,252,571.43 0.0046474204 0 9,941,035.90 9.85 0.5762060565
30NIO 125714BR5 0.00 0.0000399114 0 0.00 0.00 0
30PPO 125714BS3 1,089,658.82 0 0.0059688949 489,621.64 0.49 0.4493347368
</TABLE>
<PAGE> 3
CMC SECURITIES CORPORATION II SOURCE: CHASE BANK OF TEXAS
BOND BALANCES AND FACTORS MARCH 2000 DISTRIBUTION
<TABLE>
<CAPTION>
SERIES PAYMENT DATE CLOSING BALANCE CURRENT BALANCE
CLOSING BALANCE INTEREST PAID PRINCIPAL PAID CURRENT BALANCE % OF CURRENT CURRENT
CLASS CUSIP NUMBER COUPON PER CLASS PER $1000 PER $1000 PER CLASS BALANCE FACTOR
- -------- ------------ --------------- --------------- ------------- -------------- --------------- ------------ -----------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1993-2F 3/27/00 222,866,291.00 0.00
- -------- ------- --------------- ---------------
A 125714BJ3 222,866,000.0 0.0005793573 0.0998249836 0.00 0
1993-2G 3/27/00 246,780,547.00 106,447,436.08
- ------- ------- --------------- ---------------
2G-A1 125714CR4 59,032,000.00
2G-A2 125714CS2 27,342,000.00 0 0 0.00 0.00 0
2G-A3 125714CT0 25,200,000.00
2G-A4 125714CU7 15,000,000.00 0 0 0.00 0.00 0
2G-A5 125714A#2 100,190,000.0 0.0054055244 0.0036603358 90,495,716.72 85.01 0.9032410093
2G-B1 125714A@4 4,936,000.00 0.0050524129 0.0020590559 4,173,879.62 3.92 0.8455995989
2G-B2 125714B#1 3,701,000.00 0.0050524129 0.0020590543 3,129,564.12 2.94 0.8455996001
2G-B3 125714B*5 1,481,000.00 0.0050524105 0.0020590547 1,252,332.99 1.18 0.8455995881
2G-B4 125714B@3 740,000.00 0.0050524054 0.0020590541 625,743.68 0.59 0.8455995676
2G-B5 125714C#0 1,481,547.00 0.0020576937 0.0020595897 510,225.33 0.48 0.3443868672
2G-M 125714A*6 7,403,000.00 0.0050524125 0.0020590558 6,259,973.62 5.88 0.8455995704
2GA3IO 125714CP8 0.00 0 0.00 0.00 0.00 0
2GA4IO 125714CQ6 0.00 0 0.00 0.00 0.00 0
1993-2H 3/27/00 315,871,665.00
- ------- ------- ---------------
2H-A1 125714CG8 180,386,000.0
2H-A2 125714CH6 125,000,000.0
2H-A3 125714CJ2 10,485,000.00
1993-2I 3/27/00 367,955,786.00 42,112,739.44
- ------- ------- --------------- ---------------
2I-3IO 125714CL7 0.00 0.0000358006 0 0.00 0.00 0
2I-A1 125714CE3 237,519,000.0 0.0008682365 0.0016852366 30,921,221.51 73.42 0.1301842021
2I-A2 125714CD5 130,435,853.0 0.0005279326 0.0001204456 11,191,517.93 26.58 0.0858009334
</TABLE>
<PAGE> 4
CMC SECURITIES CORPORATION II SOURCE: CHASE BANK OF TEXAS
BOND BALANCES AND FACTORS MARCH 2000 DISTRIBUTION
<TABLE>
<CAPTION>
SERIES PAYMENT DATE CLOSING BALANCE CURRENT BALANCE
CLOSING BALANCE INTEREST PAID PRINCIPAL PAID CURRENT BALANCE % OF CURRENT CURRENT
CLASS CUSIP NUMBER COUPON PER CLASS PER $1000 PER $1000 PER CLASS BALANCE FACTOR
- -------- ------------ --------------- --------------- ------------- -------------- --------------- ------------ -----------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1995-A 3/27/00 176,490,904.00 29,553,103.22
- ------- ------- --------------- ---------------
A1 125714CV5 82,117,691.00 0.0012152591 0.002409163 15,033,291.63 50.87 0.1830700723
A2 125714CW3 94,373,113.00 0.0009118167 0.0002303774 14,519,811.59 49.13 0.1538553845
R 125714CX1 100.00 0 0 0.00 0.00 0
1996-A 3/27/00 115,119,131.00 22,840,368.58
- ------- ------- --------------- ---------------
A 125714CY9 115,119,031.0 0.0012260914 0.0073014679 22,840,368.58 100.00 0.1984065396
R 125714CZ6 100.00 0.0002 0 0.00 0.00 0
1996-B 3/27/00 207,490,355.00 44,376,066.53
- ------- ------- --------------- ---------------
A1 125714DA0 41,914,009.00 0.0009778003 0.0075478776 6,056,129.46 13.65 0.1444893868
A2 125714DB8 165,576,246.0 0.0013724369 0.0025732595 38,319,937.07 86.35 0.2314337835
R 125714DC6 100.00 0 0 0.00 0.00 0
1996-C 3/27/00 266,806,262.00 37,375,043.48
- ------- ------- --------------- ---------------
A 125714DD4 266,806,062.0 0.000780721 0.0041150039 37,374,943.48 100.00 0.1400828122
R N/A 100.00 100.00 0.00 1
X N/A 100.00
</TABLE>